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    SouthernSaint17 Posts: 1, Reputation: 1
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    Feb 14, 2011, 05:27 PM
    Adjusting entry
    At December 31, balances in manufacturing overhead are: Lott Company- debit $1,5000, Perez Company- credit $900. Prepare the adjusting entry for each company at December 31, assuming is made to cost of goods sold.

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